AI
Wednesday, February 04, 2004 11:03:47 AM
UNTD another earnings play straddle here we would like more downside, and looking at the UNTD daily chart 16 is our target, but we suggest locking in 50% or more the first day. UNTD is exactly sitting on short term support here (what we call a mini-double bottom)Once it breaks 18 and stays broken, 17 and 16 are next support areas and 16 is key support. We did send out an email for a straddle during yesterday's session.
emailed:
UNTD downturn (short called earlier) which is good at this point I would pick up the February 20 calls just a little for $1.10 to balance a short position and the FEBRUARY 17.50 puts QABNW which will be a rather cheap STRADDLE for UNTD. THIS REPORTS TOMORROW morning. You might want to sit it out but I think UNTD could be a big mover well worth the 'investment'
Later in the same session:
UNTD SINKING-
February 17.50 puts hope you picked them up.. the calls I would pick up only a smattering. This is stock is sinking like the titanic.. as usual the longer you wait to pick up any calls the cheaper they become. THIS WILL ALSO MAKE possibly a good gap play tomorrow (possibly a gap fill).
This was posted on Feb 3 newsletter:
emailed:
UNTD downturn (short called earlier) which is good at this point I would pick up the February 20 calls just a little for $1.10 to balance a short position and the FEBRUARY 17.50 puts QABNW which will be a rather cheap STRADDLE for UNTD. THIS REPORTS TOMORROW morning. You might want to sit it out but I think UNTD could be a big mover well worth the 'investment'
Later in the same session:
UNTD SINKING-
February 17.50 puts hope you picked them up.. the calls I would pick up only a smattering. This is stock is sinking like the titanic.. as usual the longer you wait to pick up any calls the cheaper they become. THIS WILL ALSO MAKE possibly a good gap play tomorrow (possibly a gap fill).
This was posted on Feb 3 newsletter:
Discover What Traders Are Watching
Explore small cap ideas before they hit the headlines.
